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Company A has $11,476,522 in permanent debt outstanding. The firm will pay interest only on this debt. The firm's marginal tax rate is expected to

Company A has $11,476,522 in permanent debt outstanding. The firm will pay interest only on this debt. The firm's marginal tax rate is expected to be 46% for the foreseeable future. Suppose that the firm pays interest of 5.91% per year on its debt. What is the annual interest tax shield?

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